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Sustainable Apps Report

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Sustainable Apps Report Date: 30/03/2020 Authors: Étienne D’Arche, Liza Goldzahl, Nicolas Hoeps and Nicole Maiett Directors: Alberto Andreu (DIRSE) and Alejandro Ruiz (ESCP) 1 INDEX INDEX ........................................................................................................................................ 2 1. Background ............................................................................................................................ 3 2. Introduction ............................................................................................................................ 4 3. Map of Apps ........................................................................................................................... 8 3.1.- Environmental Applications ............................................................................................ 8 a) Good on You................................................................................................................... 8 b) Staiy ............................................................................................................................... 9 c) Wiser Heat .....................................................................................................................10 d) Too Good To Go ............................................................................................................11 e) Yuka ..............................................................................................................................12 3.2.- Financial Applications ....................................................................................................13 a) Mint ................................................................................................................................13 b) Wealthsimple .................................................................................................................14 c) Hedgeable .....................................................................................................................15 d) Ellevest ..........................................................................................................................16 d) Birch Finance .................................................................................................................17 3.3.- Health Applications ........................................................................................................18 a) Think Dirty .....................................................................................................................18 b) Goodguide .....................................................................................................................19 c) Grove Collaborative .......................................................................................................21 d) Co-Go ............................................................................................................................22 e) ShopWell .......................................................................................................................23 3.4.- Social Applications ........................................................................................................24 a) October ..........................................................................................................................24 b) GoFundMe .....................................................................................................................25 c) Kickstarter ......................................................................................................................26 d) ShareTheMeal by the United Nations ............................................................................26 e) RoundUp .......................................................................................................................27 f) Buycott– Barcode Scanner .............................................................................................28 g) Cruelty Cutter .................................................................................................................29 4. Communication to New Generations .....................................................................................30 5. Bibliography ..........................................................................................................................31 5.1.- Articles ..........................................................................................................................31 5.2.- Apps ..............................................................................................................................32 2 1. Background This document is the result of a collaboration between ESCP Business School's - Bachelor in Management- and DIRSE, the Spanish Association of Social Responsibility Managers. The activity consisted of a consulting project - Junior Consultancy Project (JCP)- by which a group of students developed a part-time research work simultaneously with their studies and with an overall dedication of about 200 hours. In this case, the work identified as being of DIRSE’s interest was entitled: "Bringing CSR closer to young people" and consisted of the following objectives: ▪ Objective 1: Mapping Sustainable Apps ▪ Objective 2: To propose an adaptation of the CSR narrative focused on young people and for different channels. This report responds to Objective 1. 3 2. Introduction Sustainability is becoming a growing issue in society as more and more people are desiring to positively contribute to problems such as climate change, social inequality and poverty. Not only is sustainability becoming more relevant in society, but also on business. Sloan’s Management Review of Fall 2009 article which speaks about manager’s perceptions on sustainability, indicates that, despite companies having a very different view on what sustainability is, they do agree on the fact that it will have major implications on businesses’ future. Yet the businesses’ future should not be the only concern for entities as sustainability has an impact on every level of companies and can thus be decisive for its current success or failure. The 92% of sustainability surveys’ respondents at that time (2009) (also referred to hereafter) had already indicated that sustainability was being addressed by their company, a number that has most likely grown ever since. Furthermore, the paper’s research also shows that sustainability efforts are not dependent on business cycles, but rather a process that is constant regardless of the financial situation of a company. The scope of this report very much follows another idea. As previously mentioned, sustainability can be defined in many ways, but when asking experts about the topic, they mostly converged on the concept of the triple bottom line, i.e. in which sustainability has to “incorporate economic, environmental and social considerations” (MIT Sloan Management Review of Fall 2009). Looking at the opinion of surveyed experts in the same report, it becomes apparent that it is not only the responsibility of a company itself to pursue certain activities to have a sustainable business model, but also to choose the correct suppliers that have the same outlook on the topic. When identifying the main drivers for corporations to pursue a change in their activities, it is understood that the pressure comes mainly from two factors: 1. Consumer’s perception of the company and 2. climate change as well as other current sustainability matters. In that matter, government legislation is regarded as a conditioner, since companies should be responsible for their actions and driving a positive change in legislation. Positive consequences of the focus on sustainability by companies start from within the company as employee interest’s and retention significantly grow in corporations that have sustainable practices. An obvious positive consequence of these actions, according to the sustainability survey respondents, was the improved corporate image. Another important aspect to look at is the difference between intent and action. Whilst there is a consensus on the need for sustainable activities, many companies are not fully committing to aggressive changes in their practices. Thus, this issue calls out for transparency in order to identify who is progressing the most in this aspect. Furthermore, a commitment to sustainability can be a sign of great management quality as well as audacity, as the main challenge to implement sustainable activities is the difficulty to forecast future events. Corporations with great abilities to identify the key actions for a sustainable future will have a great competitive advantage. 4 Another important concept that is relevant not only for companies but also for most people, is the ability to track and measure the impact of their sustainable actions or the lack thereof. Many operations can have negative implications on the environment or other aspects of sustainability. Data analytics will greatly help to identify the areas in which people and companies can improve their efficiency, a fact that will greatly drive the pursuit of sustainable activities. The concept of “shared value” is also key to this project and was introduced a few years ago by Michael Porter, professor of management at Harvard and director of the Institute for Strategy and Competitiveness. Porter highlights the finding that companies are generally seen as self-absorbed entities,
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